Investors Capital Advisory Services buys $2,694,598 stake in Ring Energy Inc (REI)

Ring Energy Inc (REI) : Investors Capital Advisory Services scooped up 64,500 additional shares in Ring Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 329,413 shares of Ring Energy Inc which is valued at $2,694,598.Ring Energy Inc makes up approximately 0.52% of Investors Capital Advisory Services’s portfolio.

Other Hedge Funds, Including , Dupont Capital Management Corp added REI to its portfolio by purchasing 60,188 company shares during the most recent quarter which is valued at $492,338. Ring Energy Inc makes up approx 0.01% of Dupont Capital Management Corp’s portfolio.California State Teachers Retirement System boosted its stake in REI in the latest quarter, The investment management firm added 23,432 additional shares and now holds a total of 74,981 shares of Ring Energy Inc which is valued at $613,345.Foundry Partners boosted its stake in REI in the latest quarter, The investment management firm added 159,160 additional shares and now holds a total of 380,320 shares of Ring Energy Inc which is valued at $3,175,672. Ring Energy Inc makes up approx 0.30% of Foundry Partners’s portfolio. Cutler Group Lp sold out all of its stake in REI during the most recent quarter. The investment firm sold 200 shares of REI which is valued $1,670.Bnp Paribas Arbitrage Sa boosted its stake in REI in the latest quarter, The investment management firm added 1,239 additional shares and now holds a total of 1,388 shares of Ring Energy Inc which is valued at $11,687.

Ring Energy Inc closed down -0.05 points or -0.55% at $8.99 with 2,82,416 shares getting traded on Monday. Post opening the session at $9.23, the shares hit an intraday low of $8.97 and an intraday high of $9.57 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Many Wall Street Analysts have commented on Ring Energy Inc. Company shares were Reiterated by Wunderlich on May 12, 2016 to “Buy”, Firm has raised the Price Target to $ 9 from a previous price target of $8 .

Ring Energy Inc. (Ring) is an exploration and production company. The Company is engaged in oil and natural gas acquisition exploration development and production activities. As of December 31 2014 the Company’s exploration and production interests were focused in Texas and Kansas. The Company’s primary drilling operations target the Central Basin Platform in Andrews County and Gaines County Texas. As of December 31 2014 Ring had 29738 gross (17270 net) acres in the counties of Texas. As of December 31 2014 Ring owned interests in a total of 5835 gross (5129 net) developed acres and 23903 gross (12141 net) undeveloped acres in Texas. As of December 31 2014 the Company also had 18277 gross (17017 net) acres in Kansas located is located in Gray Finney and Haskell counties. As of December 31 2014 Ring’s proved reserves were 10.4 million barrels of oil equivalent (BOE) with 98% consisting of oil and 2% consisting of natural gas.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *